Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/CAD extends downside reversal to below 1.4300
The recovery in the Canadian dollar, which continued yesterday has delivered further downside for the USD/CAD right now. The USD/CAD just tested the 1.4300 handle. The US dollar had closed in the US last night at 1.4323. In fact, the pair just traded below 1.4300 a moment ago and that means it is now nearly 500 pips below the high seen at one point on Monday (1.4793). That is one heck of a reversal folks and the question about that move defining what is known in the trade as a Blow Off move was highlighted here yesterday. well, as you can see, the price action since that update has done little to contradict that prospect. The USD/CAD is right now at 1.4297
Market News
All News-
US equity futures get another boost-this time from the Fed- check out the S+P 500 now
The comments from the US Fed governor Chris Waller have not been lost on the US stock futures. Of course they had gotten a boost earlier from the...
-
Canadian retail sales miss estimates- USD/CAD rises towards session highs
The latest (April) Canadian Retail sales data has just been released. The markets were expecting an increase of 0.4%, compared to a rise of 0.8% in...
-
US Philadelphia Fed index misses forecasts but USD/JPY lifts
The June reading of the US Philadelphia Fed index was expected to improve from the -4 reading posted in May. The forecast was for something around -1...
